Long ago, people used cash to pay for goods and services. Then they got a great opportunity to pay quickly and easily with a credit card, but today more and more people prefer to use digital wallets.

What is the best wallet to choose?

You will learn the answer to this and other questions in this article.

Why use digital wallets?

Paying with digital wallets is much more convenient than using cash. Only people who have never used this payment method can dispute this.

Thanks to digital wallets, the task of sending money to your loved ones is solved in minutes. At the same time, such a transfer is safe.

If you decide to visit the store but suddenly find that you forgot the wallet at home, digital wallets will save the day and allow users to buy all the products they need.

The best wallet is… The wallet that’s best for you.

Let’s consider the most popular wallets and highlight their advantages and disadvantages.

Google pay

Payments from this wallet must be made using NFC technology. The main thing is that the reader is at a close distance.

The creators of this portfolio have already ensured the financial security of clients through a unique DPAN number. Now when the financial account information reaches the merchants, it is replaced and the possibility of selfish and illegal use of your data is reduced to zero.

This portfolio offers a wide range of options for funding your account using electronic systems. All these possibilities will be available no matter which country of the world you live in because this wallet is truly international and universal.

On the Internet, there are hardly any stores that do not accept payments with Google Pay.

And this wallet saves you money! After all, we often spend them out of habit. With the detailed view of all costs, you can understand where you recklessly and needlessly spent the money, where you succumbed to emotions, and can then keep the second expense to a minimum.

The solution allows users to receive and send money for free without paying a dime. Purchases with Google Pay are also free.

You also have the option to transfer funds from your Google Pay account. You will pay one and a half percent of the transaction amount, or 31 cents if it’s more.

Venmo

A high level of information security and convenience in the use of funds is guaranteed. And it will be the protection of the world’s largest banks!

Transfer money to other users and quickly transfer it to your wallet, not forgetting to pay for purchases in online stores around the world. Users can use credit cards for easy and fast payment by simply linking them to the Venmo wallet. There are also possibilities to transfer money via QR codes.

The nice thing is that you won’t have to pay anything commission if you sign up and pay with Venmo. However, if you are using a credit card, you will need to pay 3% of the payment amount.

Apple Pay

The world’s largest companies such as Nike, Amazon and Disney already accept payments with Apple Pay, giving their customers access to the most secure payments possible.

If you have an Apple device in hand, this is the easiest way to pay for your purchases.

All the information you need to validate your payment successfully is already stored in your account. If you are ready to pay by credit card, you can also link your card to your account at any time.

By paying by card, you will not have to pay anything, as you would if you were to use a balance. The rest of the rates are fairly accurate.

App Cash

This feature rich application truly meets all high security standards for customer data storage.

The possibilities for customers with Cash App are endless. There is no financial transaction that you cannot do. Send and receive money, pay for goods and services, and accept money for charity.

However, before making a payment to any of the companies, make sure it is a Cash App partner, or you will just be wasting your time.

Prepare to be pleasantly surprised by the possibilities of this wallet. Even with $ 1 in your balance, you will be able to invest that money in buying stocks, and if you need to transfer money to bitcoin quickly, that is also possible.

When making quick transactions on your account, be prepared to pay a 1.5% fee, and if you withdraw money from an ATM, in addition to the cost of the bank itself, you will need to pay a $ 2 Cash application. Buying cryptocurrency is also convenient, but it’s unlikely to be commission-free.

Pay Pal

If you can store money and accept payments in 25 different currencies, you definitely shouldn’t give up on that. Additionally, one of the most popular wallets provides unique data encryption mechanisms and ensures that your financial information is securely hidden from intruders.

With this wallet, you will be able to send money to other people in a few simple steps, while receiving funds will not be more difficult.

Need to send an invoice? No problem. It is much easier to do than before.

Once you connect your bank account, you will be able to pay for goods and services from it. Speaking of payments, PayPal supports all credit cards.

How do you know if you’ve spent too much money? The expense recording feature will help you. Plus, you’ll see where and how much money came into your wallet.

The good news is that you will be using this wallet for free to buy goods and services without any conversions. You also won’t pay anything when you send or receive money from other people, but only if you use an account opened with a bank.

If the money is sent by a US resident using a credit card, you will need to pay a 2.9% and 30 cent fee. Similar fees apply to online sales transactions.

To pay: Another portfolio to consider

When someone needs to send money instantly, it’s best to use a proven solution like PayDo. With this wallet, you can completely forget about waiting for the funds to be received by another user.

PayDo offers various solutions both for individual users and for companies.

The speed, security and reliability of transfers are advantages of this wallet.

Whatever digital wallets you use, always check the commissions you will be paying for transfers and receiving funds, and most importantly, use reliable wallets that have a good reputation.